Losses at St Pat’s hit €5.7m as creditors owed €4m
League of Ireland outfit St Patrick’s Athletic FC – owned by builder Garrett Kelleher – had accumulated losses of €5.7 million in 2017, despite an operating profit of €49,826 for the year.
The company owed its creditors €4 million, the accounts show, €3.7 million of which was “owed to participating interests”.
During the year, Kelleher pumped €734,500 into the company through a company he controls called Mancar.
The accounts note that the company ...